Stock Market Update
07-Jan-25 14:00 ET
Gold gains as dollar strength tempers rate cut hopes
Dow -54.67
at 42651.89,
Nasdaq -297.65
at 19567.32,
S&P -43.38
at 5932.00
[BRIEFING.COM] With about two hours to go on Tuesday the tech-heavy Nasdaq Composite (-1.50%) is down more than double the percentage losses of the S&P 500 (-0.73%).
Gold futures settled $18.00 higher (+0.7%) to $2,665.40/oz, easing back slightly from earlier gains as dollar strength, job openings data tempers rate cut expectations.
Currently, the U.S. Dollar Index is up about +0.3% to $108.56.
